Bitcoin climbs above $43,000 as market cap returns to $2 trillion

Bitcoin quotes continued to rise and returned to levels above $43,000. At one point the price exceeded $44,000.

The market capitalization reached $1.99 trillion, up more than 11% in the last 24 hours (CoinGecko). The rally across the flagship asset was supported by all of the top ten cryptocurrencies, said Alex Svanevik, CEO of Nansen:

For the first time in my life, the top 10 is starting to make sense.

For the first time in my life, the top 10 is starting to make sense. pic.twitter.com/BaYWYPwH5w

— Alex Svanevik (@ASvanevik) February 28, 2022

The leading gainer of the day was Terra’s Luna token — the coin rose by more than 23%.

Avalanche (AVAX) rose 18.3% over 24 hours.

Over the week, among the largest-capitalization cryptocurrencies, only Ripple (XRP) did not show double-digit growth. The Luna price rose by more than 75%.

As a result, Bitcoin finished the month up 12.2%, after a 16.7% drop in January.

As reported, the founder and CEO of the BTC.TOP pool Jiang Zhuoer said that the disconnection of Russian banks from SWIFT and other sanctions against Russia were positive factors for the crypto market.

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